• Nougat
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    46 days ago

    Wasn’t the Dutch East India Company the first stock company, as we currently understand publicly traded companies?

    A TIL for me from this video, the Dutch acquired the island of Ran in the Banda (Spice) Islands from the British, by trading the British New Amsterdam.

    • @[email protected]
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      English
      56 days ago

      Wasn’t the Dutch East India Company the first stock company, as we currently understand publicly traded companies?

      It has some precursors, but it was the most ‘complete’ version of the joint-stock company and the template for numerous such companies going forward, even outside of the Netherlands.

      A TIL for me from this video, the Dutch acquired the island of Ran in the Banda (Spice) Islands from the British, by trading the British New Amsterdam.

      Luckily, New Amsterdam will never amount to anything! Dohohohoho!

      • @[email protected]
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        25 days ago

        Hmm, I don’t quite like the name. Can we name it after a Viking settlement, instead? New Eirik or something like that? Something like that would be pretty cool. Goes with our Roman and Norse themed calendars!

    • Skua
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      46 days ago

      There were a few earlier examples in England, but it was certainly one of the first. The English (later British) EIC was a tradeable a couple of years before its Dutch counterpart, and the Company of Merchant Adventurers to New Lands was several decades earlier